Mutual Fund Foundation is the official NISM-Series-V-B workbook—the material the certification exam is largely based on—published exclusively by Taxmann in its March 2026 Version, developed with the NISM Certification Team. It sets the common minimum knowledge benchmark for SEBI's 'new cadre' of mutual fund distributors: postal agents, and retired government, teaching and banking professionals entering the field. Written for readers new to financial markets, it builds from first principles—saving versus investing—through fund structure, the authorised product set, scheme documents, distribution practice, performance and risk, taxation, investor servicing and the regulatory and ethical code. Mapped chapter by chapter to the syllabus and its weightages, it pairs learning objectives and sample questions with worked numericals on returns, exit-load pricing and the Sharpe and Information Ratios.
